🐝 Generative AI Buzz - The Latest Developments

Subject: 🐝 Generative AI Buzz - The Latest Developments

Welcome to this week’s generative AI news highlights

Amazon's $100M Boost to Generative AI

Amazon Web Services (AWS) has initiated a promising journey with the launch of the AWS Generative AI Innovation Center. A hefty $100 million will be invested in this program to accelerate enterprise innovation and success in generative AI. Free workshops, engagements, and training will be provided, and participants will gain access to AWS products like the code-generating service CodeWhisperer and the Bedrock platform for text-generating models

Prioritizing Assistance in Generative AI

The new AWS program will initially focus on customers who've shown a keen interest in generative AI and have previously reached out to AWS for assistance. The program will give priority to organizations in various sectors, including financial services, healthcare, media, automotive, manufacturing, energy, utilities, and telecommunications.

Big Investments in Generative AI

Generative AI has caught the eye of many industry giants. Salesforce Ventures, Workday, OpenAI, and Dropbox have all pledged significant funding towards generative AI technologies. Salesforce Ventures alone plans to inject $500 million into startups developing generative AI technologies, while OpenAI has a $175 million fund at the ready for AI startups.

Rising Demand for Generative AI Jobs

Job postings in the US related to generative AI saw a significant increase of 20% last month, reflecting the growing interest in this field. However, the demand from job seekers seems to surpass the current number of available AI jobs. Major companies such as Meta Platforms, Apple, TikTok, Pinterest, and Amazon.com are among those who have listed generative AI job postings

That's all the buzz, for now, hive! Stay tuned for more sweet insights on generative AI.